Ganesh Benzoplast sells logistics business for ₹1,154 crore
after close1 source ↓written by the desknot a recommendation
- Cisternina Logistics
- ₹1,154 crore
- of storage capacity
- 500,000 KL
Ganesh Benzoplast has signed a definitive agreement to divest its liquid storage and rail logistics businesses to KKR-backed Cisternina Logistics for ₹1,154 crore. This move aims to unlock balance sheet value and refocus on its specialty chemicals manufacturing. The sale involves 500,000 KL of storage capacity across key ports, pending shareholder and regulatory approvals.
Not investment advice. For informational purposes only.